Russia

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June 23, 2025

Over $46 Bn Trade To The Middle East Likely To Be Affected, Freight Charges Up 15-20 Pc

“India is buying 2.2 billion barrels from Russia and 2.1 bbd from the Middle East. It is also buying oil from the US, Brazil and West Africa. Availability may not be a problem, but the prices going up along with higher freight charges will hit India’s fiscal position”: Ajay Sahai, director general of FIEO